Your feedback is important to us!
We invite all our readers to share with us their views and comments about this article.
Disclaimer: Comments submitted by third parties on this site are the sole responsibility of the individual(s) whose content is submitted. The Daily Star accepts no responsibility for the content of comment(s), including, without limitation, any error, omission or inaccuracy therein. Please note that your email address will NOT appear on the site.
Alert: If you are facing problems with posting comments, please note that you must verify your email with Disqus prior to posting a comment. follow this link to make sure your account meets the requirements. (http://bit.ly/vDisqus)
Three sources of U.S.-fueled economic uncertainty, in particular, will rattle emerging markets in 2017 . The first is a border adjustment tax that would give tax breaks to U.S. exporters, but impose a levy – or, equivalently, disallow deductions – on imports to the U.S. Both President Donald Trump and the Republican-controlled U.S. Congress have said they favor the scheme, which has a fair chance of being enacted. Such a tax, or even the anticipation of its adoption, could drive up the U.S. dollar's exchange rate (which, ironically, would offset, at least partly, the improvement in the U.S. trade imbalance for which the Trump administration may be hoping).A third U.S. move that could unsettle emerging markets is faster-than-expected monetary tightening by the Federal Reserve.The challenges that U.S. policy changes pose for emerging-market currencies include not only downward pressure, but also greater volatility.
The case for
climate tariffs efficiency
Decade after global financial
crisis: The reforms China needs
of China’s property rights
FOLLOW THIS ARTICLE